Monad's testnet demonstrates robust early ecosystem engagement, with 840,710 unique EOAs and 812,143 token holders, indicating strong community interest. Deposit patterns reveal a concentration of small-scale participants, with the overwhelming majority depositing under 0.1 ETH and only 276 addresses depositing over 100 ETH. The project shows dynamic growth, with the FrontRunner challenge highlighting significant transaction concentration, where top 10 addresses performed over 1.5 million transactions combined, and cumulative shMonad deposit volume reaching $1,288,880.
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